First Hawaiian Bank Sells 144 Shares of Omnicom Group Inc. (NYSE:OMC)

First Hawaiian Bank cut its position in Omnicom Group Inc. (NYSE:OMC) by 3.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,922 shares of the business services provider’s stock after selling 144 shares during the period. First Hawaiian Bank’s holdings in Omnicom Group were worth $352,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Marino Stram & Associates LLC increased its holdings in Omnicom Group by 1.0% in the first quarter. Marino Stram & Associates LLC now owns 11,613 shares of the business services provider’s stock valued at $1,124,000 after purchasing an additional 110 shares during the last quarter. Greenleaf Trust increased its stake in shares of Omnicom Group by 0.5% in the 4th quarter. Greenleaf Trust now owns 22,329 shares of the business services provider’s stock valued at $1,932,000 after acquiring an additional 119 shares during the last quarter. Concurrent Investment Advisors LLC increased its stake in shares of Omnicom Group by 2.9% in the 1st quarter. Concurrent Investment Advisors LLC now owns 4,271 shares of the business services provider’s stock valued at $413,000 after acquiring an additional 119 shares during the last quarter. Cambridge Trust Co. raised its position in shares of Omnicom Group by 4.2% in the 4th quarter. Cambridge Trust Co. now owns 2,981 shares of the business services provider’s stock valued at $258,000 after acquiring an additional 121 shares during the period. Finally, B. Riley Wealth Advisors Inc. boosted its stake in Omnicom Group by 2.0% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 6,142 shares of the business services provider’s stock worth $594,000 after acquiring an additional 122 shares during the last quarter. 91.97% of the stock is owned by institutional investors.

Omnicom Group Stock Performance

NYSE:OMC traded up $2.19 during mid-day trading on Tuesday, hitting $92.08. 853,507 shares of the stock were exchanged, compared to its average volume of 1,625,673. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.81 and a current ratio of 0.93. The firm’s 50-day simple moving average is $91.33 and its 200 day simple moving average is $91.83. Omnicom Group Inc. has a fifty-two week low of $72.20 and a fifty-two week high of $98.71. The stock has a market capitalization of $18.03 billion, a price-to-earnings ratio of 12.38, a price-to-earnings-growth ratio of 2.24 and a beta of 0.95.

Omnicom Group (NYSE:OMC) last announced its earnings results on Tuesday, July 16th. The business services provider reported $1.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.88 by $0.07. Omnicom Group had a net margin of 9.55% and a return on equity of 37.51%. The company had revenue of $3.85 billion during the quarter, compared to analysts’ expectations of $3.83 billion. During the same quarter in the previous year, the business posted $1.81 earnings per share. Omnicom Group’s quarterly revenue was up 6.8% on a year-over-year basis. As a group, equities analysts anticipate that Omnicom Group Inc. will post 7.92 EPS for the current fiscal year.

Omnicom Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 11th. Stockholders of record on Friday, September 20th will be issued a dividend of $0.70 per share. The ex-dividend date is Friday, September 20th. This represents a $2.80 annualized dividend and a dividend yield of 3.04%. Omnicom Group’s dividend payout ratio is presently 37.84%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Moffett Nathanson raised their price objective on Omnicom Group from $89.00 to $93.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 17th. StockNews.com upgraded Omnicom Group from a “hold” rating to a “buy” rating in a report on Thursday, April 18th. JPMorgan Chase & Co. increased their target price on Omnicom Group from $104.00 to $108.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 17th. Macquarie reaffirmed an “outperform” rating and issued a $110.00 price target on shares of Omnicom Group in a research note on Wednesday, July 17th. Finally, UBS Group increased their price objective on shares of Omnicom Group from $117.00 to $120.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, Omnicom Group currently has an average rating of “Moderate Buy” and an average price target of $104.70.

Insider Activity

In other Omnicom Group news, Director Linda Johnson Rice sold 488 shares of the firm’s stock in a transaction on Friday, July 19th. The stock was sold at an average price of $90.88, for a total transaction of $44,349.44. Following the transaction, the director now owns 10,356 shares in the company, valued at approximately $941,153.28. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 1.30% of the stock is owned by company insiders.

Omnicom Group Profile

Omnicom Group Inc, together with its subsidiaries, offers advertising, marketing, and corporate communications services. It provides a range of services in the areas of advertising and media, precision marketing, commerce and branding, experiential, execution and support, public relations, and healthcare.